Fed's Latest Dot Plot Shows 9 Officials Support Rate Hikes This Year, Up From Zero in March

According to Jin10 Data, the Federal Reserve's latest summary of economic projections released on June 18 shows that nine officials support rate hikes this year, with six favoring two or more increases of 25 basis points each. This marks a significant shift from March, when no policymakers projected hikes and the committee expected one rate cut for 2026. Matthew Luzetti, chief U.S. economist at Deutsche Bank, stated that the risk of necessary Fed rate hikes has clearly risen given these signals. Financial markets reflected this shift, with stocks falling sharply and bond yields rising following the Fed's statement.
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